6760 FERN DR, Denver, CO 80221
Experience the pinnacle of low-maintenance urban living in this newer constructed townhome, just minutes from Downtown Denver! Boasting a suite of recent upgrades including a new roof, luxury vinyl plank flooring, and designer lighting, this home is move-in ready with features such as a smart garage door opener, central vacuum system, smart locks, ceiling fans, and washer/dryer. Located in Midtown with easy access to highways 36, I-76, I-70, and I-25, this residence promises stress-free commuting. Public transport options including the Westminster & Pecos Junction Light Rail Stations and bus routes are just steps away. Enjoy nearby Clear Creek Trails and Parks with stunning mountain views, and the convenience of an Amazon distribution hub close by, all within reach of this vibrant community. Step inside to discover a contemporary open layout anchored by a modern fireplace, perfect for cozy evenings. The chef-inspired kitchen is a culinary delight with granite countertops, stainless steel appliances, a convenient breakfast bar, and a gas range. Relax and unwind on your priavte patio or upstairs in either of the two generously sized primary bedrooms—one featuring a tranquil sitting area, walk-in closet, and spa-like 5-piece bath. A second primary bedroom offers its own en-suite bath and large walk-in closet with natural light, ideal for guests or family members. Additional daily conveniences include an upstairs laundry room, central A/C, and access to fantastic community amenities such as multiple community parks, an off-leash dog park, clubhouse, community garden, local brewery, and a nearby K-8 school.
You may be able to put down less than the total down payment amount of $128,592 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #9748490
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